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Dec 21, 2012
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china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fiscal cliff equivalent, primarily in emerging markets. but nonpartisan analysts have pointed out that if we go over the cliff and take that $600 billion with it, we go back to recession. how do you justify going into stocks and going into all-time highs if we go back to recession? >> that assumes all else being equal, the problem is you look at europe, it's recoveri
china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another...
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Dec 26, 2012
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you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, frac
you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still...
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Dec 27, 2012
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in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like william sonoma and home depot, names that did a great job investing in the supply change, a name like american eagle stands out in that regard. those are probably our top picks heading into 2013. >> jay, what would you avoid? >> anything that's a commoditized retailer. you'll get killed by amazon and other low-cost providers, names like best buy, barnes & noble, any of the office guys. i think most of those names are dead in the water right now and definitely names to avoid at this point. >> dana, any names we missed from you? >> i think you got the names. the key thing for 2013, we need the stability, and we need some de
in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like...
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Dec 28, 2012
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we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've g
we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong....
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Dec 5, 2012
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some of these companies enter into china, enter into india, and you can't just plant a flag. you have to understand the market. it's an exceptional story. >> and for medical? >> this is again because of our ageing market going to be a huge, tremendous growth story over the growth industry over the next 10 to 20 years. >> and she did it without any notes. that's amazing. good job. >> good to see you. thank you so much. we appreciate it. we're in the final stretch of trading. we have a market holding on to gains. 20 minutes before the closing bell sounds. the dow industrial average up 116 points right now. >> citigroup's job cut a big gain for financials today. is citi on the right course right now with these cuts? will the financials lead the market higher or lower this month? we'll look that the coming up. >>> bank of america also up 6% right now. >>> mean while, congress lee leaving for a long weekend. really? yes, they are leaving for a long weekend. they just left. treasury secretary geithner will weigh in exclusively at 4:00 p.m. eastern. [ male announcer ] at scottrade,
some of these companies enter into china, enter into india, and you can't just plant a flag. you have to understand the market. it's an exceptional story. >> and for medical? >> this is again because of our ageing market going to be a huge, tremendous growth story over the growth industry over the next 10 to 20 years. >> and she did it without any notes. that's amazing. good job. >> good to see you. thank you so much. we appreciate it. we're in the final stretch of...
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Dec 12, 2012
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it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle
it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well?...
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Dec 27, 2012
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this whole sector's had a nice rally on positive china data. so, i think the stock is just pulling back a little bit more than 2% today, but still in a bullish formation. >> and we have a drop here for presents. a drop for presents? tired of tube socks? sick of scarves? here's a problem that many people face. what do you do with the unwanted holiday gifts? more than 350 users have posted items on ebay with the heading unwanted christmas presents and with many rejected presents still wrapped, you can strike it rich on one of these unloved gifts. >> you just had to throw the inlaws in there, right? >> not like i have any experience. but i would imagine that might be difficult. >> that's the regifting move. i like it. >>> coming up next, call it the hottest trade on earth. why a plunging yen is creating big opportunities. >>> and later, the "twilight" movie saga grossing $3 billion for lionsgate. we find out what's next for the company as its stock soars. that's coming up next. ♪ ...could end with adding a close friend. the lexus december to rem
this whole sector's had a nice rally on positive china data. so, i think the stock is just pulling back a little bit more than 2% today, but still in a bullish formation. >> and we have a drop here for presents. a drop for presents? tired of tube socks? sick of scarves? here's a problem that many people face. what do you do with the unwanted holiday gifts? more than 350 users have posted items on ebay with the heading unwanted christmas presents and with many rejected presents still...
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Dec 18, 2012
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weak dollar, stabilizing europe, better data out of china, those are the headwinds that that may be predicting, right? >> absolutely. i think that brent is going to hold up pretty nicely. we see brent up $100 a barrel. i just think that wti crude oil is very heavy. in fact, if you look at a lot of the grades around the midwest, they are really starting to feel very heavy. there's not much demand for those grades. in fact, we've seen western canadian select trading at # $4 a barrel in the last couple of we cans. this is the canadian crude coming into the u.s., giving a big discount. and wti, frankly, is going to be experiencing some of this pressure from the outside. there is going to be limited capacity in the next 18 months. so something has to give. it's either producer slow down or, you know, we get crude oil he can ports approved out of this country and this problem will be solved. but i don't know. i ask you guys. >> i've got a trader right here who heard 50 bucks and almost fell out of his chair. weiss? >> i don't see it. there's no way it's going to happen because the spread will be too
weak dollar, stabilizing europe, better data out of china, those are the headwinds that that may be predicting, right? >> absolutely. i think that brent is going to hold up pretty nicely. we see brent up $100 a barrel. i just think that wti crude oil is very heavy. in fact, if you look at a lot of the grades around the midwest, they are really starting to feel very heavy. there's not much demand for those grades. in fact, we've seen western canadian select trading at # $4 a barrel in the...
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Dec 26, 2012
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it's not in china play. no, they have a small percentage of their sales in china and some tourist business here so you can forget about that, but even if it were, china sales are down. >> and i think we're saying the same thing in essence. my belief is, look, they're coming after this consumer discretionary spending. they came after the luxury end. they came after coach. there's not much juice to squeeze out. on the other side of that that gives the potential for coach to rally. >> i'd rather go to nordstrom. i'd rather play the luxury end. >> why nordstrom? >> i'm not counting on coach and coeurs. the high end consumers, there are have i few places for them to go in terms of broad line. >> the high end consumer rolls over altogether both you guys lose? >> absolutely. what i'm saying is that you're going to lose less. in the luxury space i mentioned before tiffany, i think the benefit that you have with tiffany, this is another name that you could play, is you've got that exposure to the potential recovery i
it's not in china play. no, they have a small percentage of their sales in china and some tourist business here so you can forget about that, but even if it were, china sales are down. >> and i think we're saying the same thing in essence. my belief is, look, they're coming after this consumer discretionary spending. they came after the luxury end. they came after coach. there's not much juice to squeeze out. on the other side of that that gives the potential for coach to rally. >>...
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Dec 5, 2012
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they said china would be its second largest market. schultz talked about getting into the tea business. i mention all of this so you understand that starbucks doesn't go in for idle chatter when it has these meetings. it has a terrific track record of following through on its plans. we want to know how the u.s. business is doing. and you need to hear about international. europe and especially china. starbucks is competing with keurig. don't forget, green mountain, it has been up huge. starbucks should tell us what it is going to do with its cash. maybe a special dividend. they have the cash to do it. i prefer them to grow with the money. this is a major bone of contention with the bulls. i think starbucks branching out is good. the bears, they seem to think that the coffee could be played out. starbucks will tell us about the new juice store concept and the bakery chain. maybe it will give us insight to what could end up being one of the three top markets for starbucks. india. i can't wait to hear about the projections about india. and
they said china would be its second largest market. schultz talked about getting into the tea business. i mention all of this so you understand that starbucks doesn't go in for idle chatter when it has these meetings. it has a terrific track record of following through on its plans. we want to know how the u.s. business is doing. and you need to hear about international. europe and especially china. starbucks is competing with keurig. don't forget, green mountain, it has been up huge. starbucks...
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Dec 12, 2012
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. >> fxi, china on the long side. >> that does it for us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an economic trigger. an date. fed chief bernanke gearing up in about an hour's time. apple moving into your living room. yes, sir. tech tightian reportedly closer to testing several tv set designs. will it be the game-changer that so many have been waiting on? and you heard it here on cnbc. j.p. morgan's jamie dimon. taking about the fiscal cliff. do they expect a deal? their take on what happens if we do go over. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i sp
. >> fxi, china on the long side. >> that does it for us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long...
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Dec 26, 2012
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industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of holdings compared to the jpmorgan holding approved on december 14th. >> i think 182,000 physical tons they could take off the market. we'll revisit it later. for a moment, thank you. bob pisani is joining me on the floor of the nyse. the big discussion is about retail and what the figures from mastercard tell us. >> i just want to point out that the dow industrials dropped in the middle of the day. there had been some concern the house leadership which is all coming back now did not send out a 48-hour notice to their membership requiring all the members to show up and vote, even though there's no fiscal cliff dea
industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of...
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Dec 28, 2012
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a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from iranian state television. the exercises include fire ships, warships and hover craft as well. we don't see a lot of reaction from the oil markets. wti is below 13 cents. that's a premium that we've seen for now, gosh, nearly a year. higher by 20 bucks relative to crude. $110 per barrel. let's get trading action in terms of stocks. i don't know. mary thompson joins me here on the floor of the nysc. >> well, we're going over the cliff, mary. should we hold hands? >> let's jump. >> do you have a parachute? >> no, i don't. i don't. you know, a lot of traders think that a parachute is going to come in the form of a mini deal. so that's the feeling right now. >> i don't like anyt
a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from iranian state television. the exercises include fire ships,...
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Dec 10, 2012
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this proposal also won the backing of russia and china at a conference in dubai. the pitch for direct regulation came as an unwelcome surprise to delegations from the united states and other countries that have supported the current system of regulation for the internet. when we come back, the near-term economic impact of america's debt crisis, we'll convene our "squawk" economic panel. nathan sheets and ian shepherdson on growth in 2013. right now, take a look at the equity futures. down by about 13 points. the s&p futures down by 3 points. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box," everyone. let's get a look at som
this proposal also won the backing of russia and china at a conference in dubai. the pitch for direct regulation came as an unwelcome surprise to delegations from the united states and other countries that have supported the current system of regulation for the internet. when we come back, the near-term economic impact of america's debt crisis, we'll convene our "squawk" economic panel. nathan sheets and ian shepherdson on growth in 2013. right now, take a look at the equity futures....
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Dec 11, 2012
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we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right now. i don't want to set up another committee, i don't want to give directions to committees to come back. you know there's an old adage here in the senate, there's nothing to be learned from the second kick in the shin from a mule. okay? we've already been down the path of a process. we had 12 really smart folks, six on each side, and i'm not willing to go down that route again. i want us to make the decisions now, i want the entitlement reforms put in place now, and i hope that speaker boehner will not negotiate a way the debt ceiling until those specific reforms are in place. that's been missing in this d
we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right...
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Dec 13, 2012
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kfc in china. that's the growth in their, i think isn't yum bigger than mcdonald's in terms of total number? >> yeah. >> i think subway is, too. research -- >> they don't even call it kentucky tried anymore. >> kfc. >> and it's really chicken. >> that's uncalled for. what do you think it is, cat? that is uncalled for. >> this is all i'll say. >> tastes like chicken. >> yes, it's chicken! if david novak -- >> taco bell. >> yeah, taco bell. >> is that really meat? is that your next -- >> no. all right. the restaurant -- research in motion, rim shares coming off a seven-month high on news that the u.s. immigrations and customs enforcement agent are going to use the blackberry 10 on a trial basis. that is on news, did you see this, that the agency is going to ditch the iphone in favor -- >> okay, so why? >> i don't know. i just want to say, so blackberry was one of the sponsors of the thing yesterday, at the dealbook conference and they showed off the blackberry 10. >> kel me about it. >> they have one
kfc in china. that's the growth in their, i think isn't yum bigger than mcdonald's in terms of total number? >> yeah. >> i think subway is, too. research -- >> they don't even call it kentucky tried anymore. >> kfc. >> and it's really chicken. >> that's uncalled for. what do you think it is, cat? that is uncalled for. >> this is all i'll say. >> tastes like chicken. >> yes, it's chicken! if david novak -- >> taco bell. >> yeah,...
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Dec 18, 2012
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and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's official this morning, tend of an era for aig. details emerged during squawk yesterday. today, the u.s. insurer rates $6.5 billion from the sale of its remaining stake in aia group. and boeing is ra
and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they...
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Dec 19, 2012
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the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is mo
the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed...
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Dec 3, 2012
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. >> and in global market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the country's efforts to cut its about a along debt. and in germany, merkel is not ruling out the possibility of notifying greece some of its debt once athens finances are in better shape. angela merkel told a german tabloid that the question of the so-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story a
. >> and in global market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the...
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Dec 6, 2012
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of big caterpillar equipment and talk about what's going on in china and i hope we get back to that. you're right that's all we're talking about instead of talking about caterpillar and what you do well as a great company. >> thank you. again, every time i come to the floor it's the hub of our greatness in this country of business. it's why we're here. it's really fun and exciting and let answer get into '13 and get into real things. i'm with you, joe. >> i know, but this deal has to play in peoria. >> it will play. >> compared to what you got in illinois now anything looks good. thanks. >> okay. >>> the executive chef tpz at jpmorgan the bank naming two chief officers to oversee things like anti-moneying. kayla tausche joins us. >> the person to watch everyone watching is looking at jez staly, he was chairman as of july largely viewed as a swank song role that rivals have taken note of. there were discussions over the ceo at legg mason, the baltimore asset manager. the talks fell apart and staly was the top of the short list for the board and recruiters after being serious talks for
of big caterpillar equipment and talk about what's going on in china and i hope we get back to that. you're right that's all we're talking about instead of talking about caterpillar and what you do well as a great company. >> thank you. again, every time i come to the floor it's the hub of our greatness in this country of business. it's why we're here. it's really fun and exciting and let answer get into '13 and get into real things. i'm with you, joe. >> i know, but this deal has...
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Dec 10, 2012
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numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we knew that monti was successful. >> it may be whoever follows him is going to roll some of the gains that he's had. so-called gains. >> that's going to cause ripples here. look, on saturday night, i said, we're going to have a nice opening. china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for sti
numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we...
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Dec 14, 2012
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and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25% since the middle of november. november 14th, we went into it thinking we'd get hurt. it ended up 12.6% that day, up 250. >> it did decline prior to that, in anticipation of the expiration. >> after a big run. it's got to digest. again, this is an interest per share situation. things are done at facebook that would justify the stock going higher. the short base was gigantic. do you sense a big run? >> i think the dynamic did change after the last quarter. and the discussion you talked about, we talked about it a great deal, what the trends really appeared to be in
and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25%...
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Dec 17, 2012
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you mentioned the copper, the china plays. the comments. the caterpillars of the world. >> remember when ets, used to buy the actual commodity, i don't know how much, but i do see there's a lot of things that tell me that it indicates maybe we reverse. i don't like big up monday openings. i feel like they often tend to fool people. the empire was not good. it's mixed here. it's just definitively mixed. we're thirsty for those earnings. oracle could be big. ge analysts' meetings could be big. >> it is expected to give guidance for 2013. there's a 2:00 p.m. eastern time conference call, i believe, associated with that. so we may be learning some things in terms of at least our expectations next year from ge. increased its dividend last week, that not that long ago during the financial crisis was cut. rather substantially. over the last year, ge capital has begun paying a dividend yet again to its parent ge. and so it will be interesting to hear. we should point out ge still owns 49% as well as universal. >> ge made a major move. into oil and
you mentioned the copper, the china plays. the comments. the caterpillars of the world. >> remember when ets, used to buy the actual commodity, i don't know how much, but i do see there's a lot of things that tell me that it indicates maybe we reverse. i don't like big up monday openings. i feel like they often tend to fool people. the empire was not good. it's mixed here. it's just definitively mixed. we're thirsty for those earnings. oracle could be big. ge analysts' meetings could be...
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Dec 19, 2012
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china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from over
china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through...
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Dec 26, 2012
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government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yields, because even thou
government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's...
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Dec 27, 2012
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. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to h
. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will...
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Dec 28, 2012
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it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night.
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency...
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Dec 3, 2012
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china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record.
china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father...
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Dec 31, 2012
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china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearl
china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market,...
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Dec 4, 2012
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china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the top 2%, it'll be 38%. some kind of compromise in the a area. the bad news and i've said this several times, the era of american austerity is beginning now and everybody is starting to realize that. the question is what's it going to look like? the good news is it's likely to be a gentle austerity, if i can say that, in 2013 and probably 2014 depending on the spending cuts. and there will be some cushion. the fed likely will continue its q/e program. they'll likely continue that during their meeting on december
china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the...
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Dec 5, 2012
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this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight? >> i have been featuring these investment -- look, the etf. i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot about the cliff today. it's been kind of refreshing. cover of "the washington post" today. why doesn't the market care, right? >> i think the market doesn't understand to some degree. there's a whole new school of thought that says it would be good. another school of thought that says it doesn't matter that much. they created the cliff to be able to drive us into recession
this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight?...
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Dec 6, 2012
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china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best products in the world and it's inexpensive. >> that's a lot of people looking at the chart. >> look again, the people who own apple, they were the ones who owned it because it was going up. it reminds me very much in 1999, what do i do with my nortel, it's at 110. in the meantime, roth, the ceo gives a session, an off the record session, or a session where he bashed 15 people. and said you know what? we're going to miss the numbers really big. apple is not nortel, but it trades like those that do and people get into the rut of saying i got
china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best...
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Dec 7, 2012
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how good is china? how weak is china. don't worry about it. unit growth coming back. china will follow in terms of same store. the market disagrees. i think the stock is very cheap. it's show me. until we see an inflection point in china, right now people feel like it's gone like this. be careful. yum. >> there are some lonely bulls out there on yum even at these levels. >> i happen to think that the united states could turn. i like the ceo. he's always reacted to whatever is bad. i don't want to write-off yum. i feel like this was so devastating. i got to see something positive before i can come on this show and say buy it. >> how about wsm? >> here's a terrific report. they say the growth story is unappreciated. william sonoma next week pier 1 reports next week restoration hardwa hardware. everything in the house is doing better. possible sandy story. possible employment story. where would those employment numbers be had it not been for sandy? business is real good for ll. no one wants to say our business is great because of sandy because of the loss of life and the
how good is china? how weak is china. don't worry about it. unit growth coming back. china will follow in terms of same store. the market disagrees. i think the stock is very cheap. it's show me. until we see an inflection point in china, right now people feel like it's gone like this. be careful. yum. >> there are some lonely bulls out there on yum even at these levels. >> i happen to think that the united states could turn. i like the ceo. he's always reacted to whatever is bad. i...
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Dec 26, 2012
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up next, really fast trains in china. we've decided to great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.
up next, really fast trains in china. we've decided to great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought...
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Dec 27, 2012
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they expand their presence in china. year to date. on a serious note, serious topic. smith and wes son, that stock moving higher again today. another $15 million buy back. there it is, $20 million buy back. maybe sadly we know that gun sales have, indeed, risen lately. the vix. the volatility index. measure of fear in the market, if you will, back above 20 for the first time since july 25th mandy. >> maybe it's about time. >>> in the meantime, commodities have had their ups and downs in 2012. will the roller coaster continue in 2013. we have some predictions. >> reporter: resources that come out of the ground hinge on everything from the weather to how easily it's found in nature. the worst drought in nearly 50 years sent agricultural commodities skyrocketing in the summer. wheat, soy beans, oats, and especially corn were some of the best performers in the market. in light of the devastation to many crops, farmers will ramp up plantings to record levels. and if weather patterns return to normal, then production will reach new highs and pressure grain prices along the
they expand their presence in china. year to date. on a serious note, serious topic. smith and wes son, that stock moving higher again today. another $15 million buy back. there it is, $20 million buy back. maybe sadly we know that gun sales have, indeed, risen lately. the vix. the volatility index. measure of fear in the market, if you will, back above 20 for the first time since july 25th mandy. >> maybe it's about time. >>> in the meantime, commodities have had their ups and...
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Dec 28, 2012
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i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say that in chinese. i'm sure there's a fantastic saying to say it's not apples and apples. >> apparently our predictions are happening. the dow is coming back. i'm kidding. >> we're still down. we're back above 13,000. there you go. >> comeback. >> on the way to a record high. >> come back ten points, but it clearly is my prediction on a good dow next year. that can be the only reason. >> soak it up, baby. soak it up. >> yeah, right. >> come it up. i'm staying good-bye here. imheading off to the closing bell. up next what the fiscal cliff could mean for mom
i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say...
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Dec 7, 2012
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it's not going to china because they're becoming uncompetitive. >> exactly. i think a lot of companies are recognizing that the attraction is to do jobs here because it will be able to minimize their risk. there's a lot of concentration overseas particularly in india which historically has been the epicenter of all the i.t. jobs that have gone offshore. >> how much do you think this is going to start creating jobs back here in america. we see companies all the time onshoring as opposed to outsourcing. >> well, more and more and more they're bringing jobs back here. they are aware, if they're able to quantify all the hidden costs, all the indirect costs and they're able to see that it's actually more competitive to have people work here in the united states and in terms of cost, when you analyze all that, you really will see that it's actually about the same or even slightly cheaper to do it here now. >> isn't that kind of -- it's good that we're creating jobs, but isn't that kind of sad in the united states we're saying it is cheaper to do business all-in thi
it's not going to china because they're becoming uncompetitive. >> exactly. i think a lot of companies are recognizing that the attraction is to do jobs here because it will be able to minimize their risk. there's a lot of concentration overseas particularly in india which historically has been the epicenter of all the i.t. jobs that have gone offshore. >> how much do you think this is going to start creating jobs back here in america. we see companies all the time onshoring as...
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Dec 28, 2012
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. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting human rights? the trade off that we'll get here. the law gets passed and human rights violators in russia can't come year and now 1,000 children don't come to the united states and people who want them don't get them. >> my personal view, no. they're glad to take our money and they've long had to put their money overseas, but they do not want human rights promotion and we've seen that inside russia and we've seen that against the crockdown on the internet and this is just the latest interaction of the series of things going back for more than a year against the political opposition and what they see is the u.s.-sponsored
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting...
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Dec 29, 2012
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i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually support the act which when you consider it it's not a majority, but coming from a country that's often anti-american and public opinion that's really significant. >> when putin was signing the thing he said, so what if the living standards in other countries are better than ours? so what? i don't care. should we all move there? he doesn't really care. >> well, actually what he's touching on is another debate, a demographic debate which he is very worried about that many russians, young russians are leaving the country. russia's population is in decline. what president obama should do is stick to his g
i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually...
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Dec 10, 2012
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than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world trade percent this year. that's had an impact on the volume of trade. it did ask him about what he thought the political situation in italy was going to develop and what impact. he said he thought and believed it would be contained, but then, of course, we might expect him to say that, as well. but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow.
than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world...
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Dec 11, 2012
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china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
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Dec 13, 2012
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most of the future growth is coming out of china. it is a market which is exploding. i think in 2010, they had 58 million people leaving china. it was 72 million last year. it will be about 80 million by the end of in year. it's all the product of lots of new people coming into the middle class and wanting to travel for the first time. >>> and this is one destination that would use a lot of world visitors spending their money. is it still as appealing? >> yes. europe is never going to lose its appeal. certainly visitors from asia want to come and visit europe. i think the europe outbound market is a bit sluggish at the moment. but it is still the case that people want to travel. and families will make a lot of sacrifices. they might not change a car, but they will absolutely protect their family holiday. europe will still grow, despite the economic difficulties. >> i also wonder when we saw the cost of airfare come down, when we've seen incomes rise, do you expect the rapid, rapid growth that we've seen to continue or is it market now maturing? >> no, the market is no
most of the future growth is coming out of china. it is a market which is exploding. i think in 2010, they had 58 million people leaving china. it was 72 million last year. it will be about 80 million by the end of in year. it's all the product of lots of new people coming into the middle class and wanting to travel for the first time. >>> and this is one destination that would use a lot of world visitors spending their money. is it still as appealing? >> yes. europe is never...
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Dec 14, 2012
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china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the financial times picked mario draghi as its financial person for the year. earlier in the program, we asked you who would be your pick. bruce tweeted in to say silvia wadhwa, she's my favorite. silvia gets our vote, too. get in touch with us by e-mail, worldwide@cnbc.com, tweet us or tweet ross even though he's not here. in fact, i encourage that. >>> east london has been hailed to europe's answer to silicone valley. can it really compete? and what's in it for investors? tom mckenzie reports. >> in just a few years, london's tech city has grown from a handful of companies to a buzzing cluster of close to 5,000 busin
china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the...
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Dec 17, 2012
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china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you said, they're slipping in their ranking. and that's because there is a lot of competition, especially from -- well, from samsung and lenovo, names that you know, and also from -- players that are coming up with these low, cheaper wsh i should say, smartphones and that is one big challenge for the company here. another big challenge, as you had said, china mobile, it needs to come up with some deal with china mobile over the next year or so in order to try to get access to that company's 700 million viewers. >> eunice, thanks for that and our apologies for that slight technical freeze there.
china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you...
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Dec 18, 2012
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i think china will continue to play it. i think that would be better, more obvious great stories in the like in the next ten years in china. >> such at? >> the obvious concern, i'm not concerned about the residential property side, but international property, larger entities, that would be a concern that would continue to rear its head, i think. and i look at the stock pickses of chinese industries. just determined the bank roll losses for that industry and that's slightly concerning, as well. i see china more as a trade market rather than a strategic bet. within that, we are keen to extend ourselves to only the mining sector. >> there's plenty of pessimism for people to come in. in other central bank news, sweden has lowered its key interest rate by 25 basis points to 1%. in a widely expected move. the central bank says it sees the repo rate remaining for the coming year. riksbank deputy swensen says he is pushing for heavier cuts. >>> in australia, the decision to lower rates at its december policy meeting appears to be a
i think china will continue to play it. i think that would be better, more obvious great stories in the like in the next ten years in china. >> such at? >> the obvious concern, i'm not concerned about the residential property side, but international property, larger entities, that would be a concern that would continue to rear its head, i think. and i look at the stock pickses of chinese industries. just determined the bank roll losses for that industry and that's slightly...
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Dec 19, 2012
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/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift restrictions on imports of livestock. and it looks like china is willing to do that on a gradual basis. so i think that there would be some positives coming out of these meetings today and tomorrow. >> and lastly, frank, what would be the most significant policy move period to come from this. again, aside from the news we've already heard about the import duties, are you looking for any big-name tie-ups, or is this about meeting and shaking hands, especially because the u.s. leadership still isn't settled, erkts speci especial
/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift...
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Dec 20, 2012
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china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of this together means that i think it's going to be a very interesting year for equities that will make money in equities this year. >> virginie, if there's any good news for investors, maybe they can focus on fundamentals or looking at some particular companies, you know, is it a stock picker's market, that kind of thing. but we have major electrics. especially just mentioned europe, we have german elections, we have what's going on in italy. is it going to still be about politics or is it a market that will overcome that? >>
china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of...
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Dec 21, 2012
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now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng is up about 22% for the day. pulling back this week, we're down .7% weighing heavily in this market were the chinese banks. the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a pretty ugly picture here, kelly, but if the world is going
now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng...
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Dec 26, 2012
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it's very good for china. but of course, the fiscal cliff will have a huge impact on where emerging markets and the rest of the world goes this year. i think if you really want to play it smart, you look at consumer-facing businesses, health care technology, emerging markets. you can't lose. >> well, ron, that's what i was going to ask you. you brought up india and the rising consumer is such a big piece of the growth story there. can you drill down for me more on how we can tap into that and capitalize on it? >> absolutely. so here's the issue with the consumer. obviously the consumer story is the biggest thing for the emerging markets. that's the story for the next decade at least. the issue is that a lot of the adrs that we can trade don't really touch the consumer as much as we'd like. there are a few. on the technology side, we like a number of stocks, like we like china mobile. that's chl. that gives you the emerging consumer, that's really moving into mobile. we like qihu. that's a stock that really get
it's very good for china. but of course, the fiscal cliff will have a huge impact on where emerging markets and the rest of the world goes this year. i think if you really want to play it smart, you look at consumer-facing businesses, health care technology, emerging markets. you can't lose. >> well, ron, that's what i was going to ask you. you brought up india and the rising consumer is such a big piece of the growth story there. can you drill down for me more on how we can tap into that...